EUR/USD sitting heavy on yearly low

By FXstreet.com | August 07, 2014 AAA

FXStreet (Guatemala) - EUR/USD is trading at 1.3351, down -0.24% on the day, having posted a daily high at 1.3394 and low at 1.3337.



With the ECB reaffirming that rates will stay at present levels for a considerable period of time, the EUR/USD has remained on offer overall on the day which suits the Central banks case for a lower euro and who claim that monetary policy will diverge from that of the United States. The pair sits heavily on the mid point of the 1.33 handle for now and tests yearly low.



EUR/USD Levels



Spot is presently trading at 1.3351, and next resistance can be seen at 1.3371 (Hourly 20 EMA) 1.3390 and 1.3410. Next support to the downside can be found at 1.3347 (Daily Classic S1), 1.3335 and 1.3295.



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